Nuveen is buying Schroders in a £9.9 billion deal, creating one of the world’s largest active asset managers with nearly $2.5 trillion of assets. Schroders CEO Richard Oldfield told Bloomberg that he will stay on as chief executive of the firm and that the transaction can help Schroders scale. The move ends more than two centuries of independence for the UK’s largest standalone asset manager. Schorders jumped as much as 30% at the open.
Elsewhere, EssilorLuxottica and Hermès were among the European companies rising after posting strong sales. While Siemens said they expect the boom in artificial intelligence for industry and related software solutions to keep fueling its business.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie.
Chapters:
00:00:00 – The Opening Trade
00:00:31 – Market Check
00:04:36 – AI Scare Trade Hits Real Estate Stocks
00:05:24 – Trump Tariffs in Canada
00:06:52 – European Earnings: Hermes
00:07:46 – European Earnings: UniLever
00:09:53 – Verisure CEO Austin Lally
00:18:49 – US Yields Likely Have Higher to Climb: 3-Minutes MLIV
00:27:45 – Strong Jobs Report Curbs Fed Rate Cut Bets
00:29:35 – US Dollar Index Wavers
00:34:36 – UK Dec. GDP Rises
00:35:59 – Nuveen to Buy Schroders
00:40:36 – UK Treasury Exchequer Secretary Dan Tomlinson
00:47:54 – Stocks to Watch: Schroders, Siemens, EssilorLuxxotica
00:52:53 – Mercedes Sees More Pressure on Returns
01:03:41 – Schroders CEO Richard Oldfield
01:21:27 – UK Political Uncertainty
01:25:31 – Siemens CEO Roland Busch
01:32:31 – Mercedes Stock
01:34:36 – Morgan Stanley Raises CEO’s Pay
——–
More on Bloomberg Television and Markets
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